India’s booming market for exchange-traded currency derivatives is headed for a sudden demise.
A new rule set to take effect on April 5 is expected to force out most of the market’s most active players, drying up volumes that reached $5 billion-a-day.
India’s brokerages have asked clients to close out currency derivatives trades linked to the rupee after the central bank reinforced a rule requiring an underlying foreign-exchange exposure
#Economy #Policy
https://t.co/kFPEVlLPmc
A new rule set to take effect on April 5 is expected to force out most of the market’s most active players, drying up volumes that reached $5 billion-a-day.
India’s brokerages have asked clients to close out currency derivatives trades linked to the rupee after the central bank reinforced a rule requiring an underlying foreign-exchange exposure
#Economy #Policy
https://t.co/kFPEVlLPmc
Bloomberg.com
Popular FX Derivatives Market Faces Crushing Blow in India
India’s booming market for exchange-traded currency derivatives is headed for a sudden demise.
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Massive 7.4 Richter Scale #Earthquake jolts Taiwan. Tsunami Warning issued in Taiwan and parts of Japan.
(Source USGS)
(Source USGS)
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Indian Development News 🇮🇳
10,000 Indian construction workers to reach Israel soon in batches starting next week. Israel is offering a whopping 1.5 lakh per month along with Free Food, accommodation & medical insurance #Jobs #ForeignAffairs
1500 Indian Nationals to Travel to Israel as Construction Workers This Month. First batch of 64 workers left yesterday.
#ForeignAffairs #Jobs
https://t.co/3PYzgDDwmT
#ForeignAffairs #Jobs
https://t.co/3PYzgDDwmT
WION
1500 Indian nationals to travel to Israel as construction workers this month
Around 1500 Indian nationals are set to embark on a journey to Israel as construction workers during the month of April, according to the National Skill Development Corporation (NSDC). The recruitment drive witnessed professional tests conducted in both Haryana…
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IAF recently took the delivery of the first among many, indigenously designed and developed Crash Fire Tender (CFT)
Manufactured by an Noida based Indian MSME firm, against a contract worth ₹ 291 Cr, the Indian manufacturer ensured the delivery of the CFT within 14 months of contract signing. This was achieved inspite of multiple disruptions in global supply chain.
As envisaged and promised, IAF continues to hand hold the Indian Defence Manufacturing and Production entities.
#AtmanirbharBharat
Manufactured by an Noida based Indian MSME firm, against a contract worth ₹ 291 Cr, the Indian manufacturer ensured the delivery of the CFT within 14 months of contract signing. This was achieved inspite of multiple disruptions in global supply chain.
As envisaged and promised, IAF continues to hand hold the Indian Defence Manufacturing and Production entities.
#AtmanirbharBharat
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The Ministry of Home Affairs (MHA) has revoked the Foreign Contribution Regulation Act (FCRA) licenses of five notable NGOs after conducting due process, citing violations such as misuse of foreign grants among other reasons.
The NGOs include CNI Synodical Board of Social Service (CNI-SBSS), Voluntary Health Association of India (VHAI), Indo-Global Social Service Society (IGSSS), Church Auxiliary for Social Action (CASA), and Evangelical Fellowship of India (EFOI) #NationalSecurity
The NGOs include CNI Synodical Board of Social Service (CNI-SBSS), Voluntary Health Association of India (VHAI), Indo-Global Social Service Society (IGSSS), Church Auxiliary for Social Action (CASA), and Evangelical Fellowship of India (EFOI) #NationalSecurity
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IAF to Kick start its massive Exercise #Gaganshakti 2024 today & it will go on till April 10. All Airbases of IAF across India are now activated till April 10
All IAF Assets from Tejas, Rafale to Ground based ADS & Missile Battery active too #Gaganshakti
#Defence
All IAF Assets from Tejas, Rafale to Ground based ADS & Missile Battery active too #Gaganshakti
#Defence
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Elon Musk-led Tesla Inc will send a team to India this month to scout for sites for a proposed $2 billion to $3 billion electric car plant, said a report by the Financial Times.
#Economy #Manufacturing
https://www.read.ht/SZHu
#Economy #Manufacturing
https://www.read.ht/SZHu
mint
Elon Musk's Tesla starts site search in India to build electric cars; Maharashtra, Gujarat & Tamil Nadu on list: Report
Tesla will send its team by late April to study sites for the plant, with a focus on Maharashtra, Gujarat and Tamil Nadu, says the report
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NHAI spends record ₹2.07 lakh cr in 2023-24, builds 6,644 km of roads.
The National Highways Authority of India (NHAI) spent a record ₹2,07,000 crore on national highway construction in 2023-24, marking a 20% increase from previous years. The construction of highways reached 6,644 km, a 53% increase from the previous year. NHAI's monetization receipts reached 40,314 crore in FY 2023-24, 70% higher than the previous year.
#Infra #Economy
Source 🔗
The National Highways Authority of India (NHAI) spent a record ₹2,07,000 crore on national highway construction in 2023-24, marking a 20% increase from previous years. The construction of highways reached 6,644 km, a 53% increase from the previous year. NHAI's monetization receipts reached 40,314 crore in FY 2023-24, 70% higher than the previous year.
#Infra #Economy
Source 🔗
The Economic Times
NHAI spends record ₹2.07 lakh cr in 2023-24, builds 6,644 km of roads
The National Highways Authority of India (NHAI) spent a record ₹2,07,000 crore on national highway construction in 2023-24, marking a 20% increase from previous years. The construction of highways reached 6,644 km, a 53% increase from the previous year. NHAI's…
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Agni Prime with MARV + MIRV capability successfully tested tonight by #DRDO .
#Defence #Security #India
#Defence #Security #India
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Kerala has ranked low in male employment conditions among 22 states, with only Bihar and Odisha ranking worse, according to a report released by the International Labour Organisation (ILO), in collaboration with the Institute of Human Development (IHD). #Jobs
Read more
Read more
ThePrint
Despite highest wages across India, Kerala’s young males are among most unemployed in the country
An analysis of data from the India Employment Report's Employment Conditions Index shows that Kerala ranks among the worst in India when it comes to employment conditions for its males.
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5 star hotel chain Accor will open 30 hotels in India totalling about 5,500 keys in the next three to five years. The chain currently has 62 hotels in India totalling around 11,000 rooms
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UltraTech Cement has crossed 150 million tonne in production capacity with the commissioning of two greenfield units in Tamil Nadu and Chhattisgarh
#MakeinIndia
https://t.co/PKlNBf9ISi
#MakeinIndia
https://t.co/PKlNBf9ISi
The Economic Times
UltraTech surpasses 150 million tonne of production capacity
The countrys largest producer of cement can now produce as much as 150% of cement produced in US, while equaling four-fifth of the total production of cement in Europe.
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